8 flaws homebuyers should overlook
The house is just about perfect -- with a glaring, cringe-worthy exception. Should you make an offer or keep looking?
MORE ON MSN MONEY
VIDEO ON MSN MONEY
That's my biggest gripe when watching the house shopping shows and listening to the buyers moan and gripe about all this trivial stuff...AS IF !
People, They did not build YOU a house ! They did not get your special order !
Look at every house with the frame of mind "what can we do to make it ours ?"
I always laugh when idiots walk though a house and freak out about ugly paint, window treatments, lights and carpet. These are cosmetic and easily changed. Believe it or not - you absolutely could live with that ugly green paint in your master bedroom. It was the one thing I definitely wanted changed in the house we bought 20 years ago. (You guessed right - it is still green and I am still alive.) I might think twice about the "flaw" of a broken heating or cooling system. That could mean big bucks.
The lack of basic knowledge about the material world (which a house is) that the average American possesses is so apalingly low that most people should rent and let someone else worry about the upkeep
I bought my first home at 23, and had looked for 6 months. I finally found my perfect "starter" home built in early 1960's. Yeah, I have gold shag carpet in two bedrooms, and some interesting star & moon wallpaper in the main bath - but over time I plan to save up some money and replace it. For now, I think it gives a little character. :)
(And out of all the houses I looked at to buy, you can DEFINITELY tell the difference in the older homes compared to the newer constructions - they are built SO much better!)
Secondly, since when can a person get a mortgage to buy a house that with a heating system that doesn't work.
Third, only a complete moron wouldn't consider a house because of its color...
But they will pass up a solid old home in a beautiful neighborhood because it has ugly wallpaper and an old refrigerator.
I guess if they are that dumb, they deserve what they get.
Getting rid of the 60's paneling and 70's carpet was easy. We did, however, discover that the paneling was there for a good reason--the original plaster lathe walls where lumpy and falling apart. A coat of paint doesn't cover that up and new sheet rock is a fair bit bigger project than repainting.
Heating system....not so much. It could need a ten dollar blower motor, or a two hundred fifty dollar boiler, or what have you---or it could be so old that it's not worth fixing, or a symptom of a much deeper problem. As an example, my first house needed a blower motor, the furnace was a Chrysler(did you know Chrysler even made furnaces?!). The motor was cheap, the furnace was a gas guzzling old Chrysler complete with the light blue paint and gold hood ornament. Turns out it was a retrofit coal furnace, which explained the coal residue still apparent in the basement and coal still present in the coal room(yes, it still had a coal room).
If it's cheap and easy, why aren't they selling a house with a working heating system?
If moldy bathroom grout exists, why isn't it cleaned up before showing? If it's something like the picture in the article, surely a person could have the good sense to overlook it, an old house getting a green spot under the tub spigot is hardly cause for concern. In the case of the house I bought, though, it turned out that it was caused by an ancient cast iron plumbing throughout. Not a cheap fix.
Cabinet facing isn't necessarily cheap. If a house is old and the cabinets are original, it's quite likely that they are an odd size, possibly not even geometrically perpendicular. Custom cabinets are quite expensive, and originals can be difficult to assess. The old house I was in was out of square three quarters of an inch from one end of the cabinet to the other, and the original doors had twenty three(really!) layers of paint on them. Once the paint was removed, the doors wound up being made of glued wood scraps and we wound up simply repainting them. The countertop also wound up being three inches more shallow than standard.
Back then, we bought the place cheap(28k), so learning the hard way wasn't quite so painful. If I'd chosen to overlook this stuff on a hundred thousand dollar plus investment, though.......that would have been a pretty rough discovery.
DATA PROVIDERS
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
Japanese stock price data provided by Nomura Research Institute Ltd.; quotes delayed 20 minutes. Canadian fund data provided by CANNEX Financial Exchanges Ltd.
TOOLS
- Find the best mortgage rate
Mortgage rates are at all-time lows. Find the best options for new mortgages and refinancing.
- Calculator: Estimate mortgage payments
- Calculator: Should you refinance?
- Best home insurance companies
- Search real estate listings
- More MSN Money tools
SMART SPENDING
A new federal safety report shows toddlers and minority children make up a disproportionate number of drowning victims.





